Emerging Trends in Global Ethics: A Comparative Study of U.S. and International Family Business Values

Blodgett, Mark S.; Dumas, Claude; Zanzi, Alberto

doi:10.1007/s10551-011-1164-7

Cited by 85 publications

(70 citation statements)

References 24 publications

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“…We then search each document to identify whether it contains any of 23 ethics values. We examine the use of the 6 universal values (Schwartz ) and an additional 17 values identified by past research and presented in Appendix A (Blodgett et al , ). We then construct a variable that counts how many of the universal values ( ETHIC6 ) and how many of all the values are present in these documents ( ETHIC23 ).…”

Section: Methodsmentioning

confidence: 99%

Sustaining the Financial Value of Global CSR: Reconciling Corporate and Stakeholder Interests in a Less Regulated Environment

Blodgett¹,

Hoitash²,

Markelevich³

2014

Business and Society Review

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In this article we examine the association between corporate social responsibility (CSR) and firm value. This line of research is important since firms continue to invest in CSR even though past studies reveal a limited linkage between financial value and CSR. However, the business case for CSR or "doing good while making a profit," appears to be advancing within the business ethics literature as a preferred conception of CSR. We conjecture that the greater unification and refinement of both profit maximization and stakeholder interests through corporate acts, not statements alone, will sustain the financial value of CSR in a less regulated global business environment. We study the triangle of what companies say, what companies do, and firm financial performance. We analyze Fortune 250 firms and find a positive association between Mark S. and 9600 Garsington Road, Oxford OX4 2DQ, UK. what companies do based on KLD Research and Analytics, Inc. (KLD) ratings, and what companies state about ethics in their CSR statements. We then employ regression analysis and find that companies' socially responsible acts are positively associated with overall firm value and financial performance. Yet we do not find a statistically significant association between what companies say regarding ethics in their CSR statements and their financial outcomes. These results suggest that firm value and financial performance is associated with what companies do and not what they say. Our results seem to be driven by multinational corporations (MNCs) and not by nonMNCs. This is possibly because MNCs generally operate in a less regulated global business environment that often necessitates strong ethical corporate leadership to further stakeholder interests. Overall, these results help reconcile corporate and stakeholder objectives since evidence of a link between financial performance and doing good sustains global CSR.

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Section: Methodsmentioning

confidence: 99%

Sustaining the Financial Value of Global CSR: Reconciling Corporate and Stakeholder Interests in a Less Regulated Environment

Blodgett¹,

Hoitash²,

Markelevich³

2014

Business and Society Review

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“…Moreover, in the research of Blodgett et al (), who compares family and non‐FFs, it emerges that FFs have a higher occurrence of ethical values. This empirical research underlines that U.S. family businesses are more ethical, honest, and committed to quality and customers than are international family businesses and that foreign family businesses seem to be more socially and environmentally sensitive (Blodgett et al, ).…”

Section: Sustainable Determinants In Ffs: Evidence From the Analyzed mentioning

confidence: 98%

“…It includes honest pricing, transparency, and clear disclosure of things such as pricing, terms, and condition; and (c) fairness is marked by impartiality and honesty, freedom from self‐interest, prejudices, or favoritism, and conforming to the established rules. Fairness also includes the notions of process, impartiality, and equity (Blodgett, Dumas, & Zanzi, ).…”

Section: Sustainable Determinants In Ffs: Evidence From the Analyzed mentioning

confidence: 99%

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Internal corporate sustainability drivers: What evidence from family firms? A literature review and research agenda

Broccardo

Truant

Zicari

2018

Corp Soc Responsibility Env

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Despite the many studies on corporate sustainability, few have analyzed the specific case of the family business. Family firms have certain characteristics that make them different from nonfamily firms, making it valuable to analyze whether these peculiarities are also reflected in their attitude toward sustainability. Specifically, the determinants of the sustainability concept in family firms are unclear. Given the importance of family businesses in most economies, this paper will contribute to filling this gap, depicting through a literature review the main determinants that can affect the sustainability approach of the family firm. The systematic review was carried out through a documented process to guarantee its replicability. The findings show that drivers do not have a homogenous impact on sustainability initiatives due to the distinctiveness of these types of firms. This review contributes by systematizing the existing literature on such topics, identifying future research avenues, and providing several stimuli for researchers. KEYWORDScorporate sustainability, family firms, internal determinants, internal drivers, literature review, research agenda, stakeholder engagement

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“…By defining the core values, purposes and goals, the mission statement clarifies the essence of an organization (Blodgett et al, 2011). It reflects the organization's values and clearly enumerates the reasons why the organization exists (Collins and Porras, 1995).…”

Section: ) Mission and Environmental Orientationmentioning

confidence: 99%

Asymmetric information, trading volume, and portfolio performance

Jackson¹

2013

COC

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In dealership markets, asymmetric information feeds through to higher transaction costs as dealers adjust their bid-ask spreads to compensate for anticipated losses. In this paper, we show that the presence of asymmetric information can also provide a positive externality to those market participants who operate in multiple markets-portfolio managers. Specifically, insiders lower the estimation errors of portfolio selection methods, thus improving asset allocation. We develop multiple artificial markets, in which portfolio managers trade alongside informed and uniformed speculators, and we contrast the performance of ‘volatility timing’—a method that relies on efficient price discovery - with that of ‘naive diversification’. Volatility timing is shown to consistently outperform naive diversification on a risk-adjusted basis.

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Emerging Trends in Global Ethics: A Comparative Study of U.S. and International Family Business Values

Cited by 85 publications

References 24 publications

Sustaining the Financial Value of Global CSR: Reconciling Corporate and Stakeholder Interests in a Less Regulated Environment

Sustaining the Financial Value of Global CSR: Reconciling Corporate and Stakeholder Interests in a Less Regulated Environment

Internal corporate sustainability drivers: What evidence from family firms? A literature review and research agenda

Asymmetric information, trading volume, and portfolio performance

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